Indian Prime Minister Narendra Modi emphasized the importance of supporting the poor and middle class as budget discussions begin. With expectations for personal tax breaks and welfare improvements, Modi's statements reflect the goal of rekindling economic growth in a period of declining urban consumption. As India's economy is predicted to grow at 6.4%—the slowest in four years—Modi remains optimistic about achieving 'Viksit Bharat' by 2047, indicating that this budget will provide renewed hope and energy for the nation's future development.
The Prime Minister's remarks are interpreted as a possible signal for personal tax breaks for India's middle class, critical demographics in the upcoming budget discussions.
Modi's confidence in achieving 'Viksit Bharat' by 2047 reflects an aspirational vision, linking the fiscal measures to long-term national development goals.
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